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European Parliament discusses global tax architecture after US partial withdrawal

May 19, 2025

The European Parliament’s FISC Subcommittee hosted a public hearing on the implementation of the Two-Pillar framework in the light of the US Administration backing down from some of the tax commitments it has made previously. The hearing assessed the implications for the EU's approach to global tax governance and analysed the next steps for the implementation of the OECD agreement for a global minimum tax rate for multinational companies.

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